Core Insights - Subsea 7 S.A. has been awarded a super-major contract by Petrobras for the development of the Búzios 11 field, located approximately 180 kilometers off the coast of Rio de Janeiro, Brazil, at a water depth of 2,000 meters in the pre-salt Santos basin [1][2] - The contract, valued at over $1.25 billion, includes engineering, procurement, fabrication, installation, and pre-commissioning of a 112 km rigid risers and flowlines system [2][3] - Project management and engineering will start immediately, with offshore activities scheduled for 2027 and 2028 [2] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on creating sustainable value and efficient offshore solutions [3] - The company emphasizes its commitment to operational excellence and safety, aiming to drive value for shareholders while contributing to Brazil's development [2][3]

Helix Energy Solutions Group, Inc. (NYSE:HLX) Q1 2025 Results Conference Call April 24, 2025 10:00 AM ET Company Participants Brent Arriaga - Vice President, Finance and Accounting Owen Kratz - Chief Executive Officer Scott Sparks - Chief Operating Officer Erik Staffeldt - Chief Financial Officer Ken Neikirk - General Counsel Conference Call Participants Jim Rollyson - Raymond James James Schumm - TD Cowen David Smith - Pickering Energy Partners Greg Lewis - BTIG Operator Thank you for standing by, and welc ...

Helix Energy Solutions Group (HLX) Q1 2025 Earnings Call April 24, 2025 10:00 AM ET Company Participants Brent Arriaga - Vice President - Finance & Accounting and Chief Accounting OfficerKen Neikirk - Executive Vice President, General Counsel and Corporate SecretaryOwen Kratz - President & CEOScotty Sparks - Executive Vice President and Chief Operating OfficerErik Staffeldt - EVP & CFODavid Smith - DirectorGregory Lewis - Managing Director Conference Call Participants Jim Rollyson - Director & Equity Resear ...

Core Insights - Apollo has agreed to acquire a majority stake in OEG Energy Group, valuing the company at over $1 billion, with Oaktree retaining a minority interest [1][2][3] Company Overview - OEG Energy Group has been a key player in the offshore energy sector for over 50 years, providing development and operations solutions to oil & gas and wind markets [2][8] - The company operates one of the largest fleets of cargo carrying units (CCUs) globally, with over 75,000 units, facilitating safe transportation to offshore energy installations [2][9] - OEG's Renewables segment offers integrated technical solutions and services specifically for the offshore wind sector [2] Leadership Statements - OEG's CEO, John Heiton, emphasized the company's commitment to expanding capabilities in response to energy transition investments [3] - Apollo's Partner, Wilson Handler, highlighted the opportunity for growth in OEG, driven by demand for efficient energy production and renewable power [3] Investment Context - Over the past five years, Apollo-managed funds have committed approximately $58 billion to climate and energy transition-related investments [2] - Apollo aims to deploy $50 billion by 2027 and over $100 billion by 2030 under its Climate and Transition Investment Framework [6] Transaction Details - The acquisition is subject to regulatory approvals and is expected to close in Q2 2025 [4] - Financial and legal advisors for the transaction include Banco Santander SA and Vinson & Elkins LLP for Apollo, and Goldman Sachs International for Oaktree [4][5]